Midland Financial in Oklahoma City has hired a former Wells Fargo executive to run its finance unit.
The $11.6 billion-asset Midland said in a press release Thursday that Dennis Schlesner had become president of Presidential Financial in Alpharetta, Ga. Schlesner succeeded Thomas Matthesen, who will remain on the unit's board.
Presidential makes commercial loans that typically range from $1 million to $20 million. Midland bought the business in 2013.
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Midland Financial in Oklahoma City has agreed to buy 1st Century Bancshares in Los Angeles.
March 11 -
Some banks in Texas and Oklahoma are likely to start scouting acquisitions in states such as Colorado and California so that their fortunes are not so tied to the energy sector.
April 27 -
Higher loan demand is helping banks and thrifts with $2 billion to $10 billion of assets improve their profitability. Of the 191 institutions that qualified for our mid-tier ranking this year, 40% posted a three-year average return on equity in the double digits, up from 34% in our previous ranking.
May 26
Schlesner previously served as president and national marketing manager of FirstMerit Bank Business Credit in Chicago. FirstMerit is in the process of selling itself to Huntington Bancshares in Columbus, Ohio. Schlesner also served as a senior vice president at Wells Fargo Capital Finance in Atlanta from 1985 to 2011, according to his